+
Gaurs Group redcues its debt by 35% in last three years
Real Estate

Gaurs Group redcues its debt by 35% in last three years

Gaurs Group has reduced its debt by 35% to Rs 1,550 crore in the last three years through improved cash flow from residential projects in Delhi National Capital Region (NCR).

Investment Information and Credit Rating Agency of India (ICRA) has awarded BBB+ with a stable outlook rating to Gaura Group. The company told the media that the up-gradation in the rating has reflected in debt reduction.

Chairman and Managing Director of Gaurs Group, Manoj Gaur, said that the rating is a sign of approval for the greatest security in terms of financial commitments.

He said that the company has delivered around 35,000 property units in the last five years.

Director of Gaurs Group, Sarthak Gaur, said that the company would be launching projects in Noida, Delhi and Ghaziabad, focusing on luxury housing.

Chief Financial officer of Gaurs Group, Vineet Singhal, told the media that the company had reduced debt to about Rs 1,550 crore from Rs 2,400 crore in the last two to three years.

He added that the company has receivables of nearly Rs 2,000 crore from sold properties, while the remaining construction cost is just Rs 400 crore. The company will reduce its debt by Rs 500 crore in nine months, while the outstanding loans are from banks and non-banking financial companies (NBFCs).

The rating takes into account the better-than-expected financial performance of the company, positive revenue growth, increased operating profits and improved profit margins.

Singhal said that the company is to acquire new projects through purchasing land parcels and joint development agreements (JDAs) to expand its business.

It is developing two new township projects in Greater Noida and Yamuna Expressway, Uttar Pradesh.

Image Source

Gaurs Group has reduced its debt by 35% to Rs 1,550 crore in the last three years through improved cash flow from residential projects in Delhi National Capital Region (NCR). Investment Information and Credit Rating Agency of India (ICRA) has awarded BBB+ with a stable outlook rating to Gaura Group. The company told the media that the up-gradation in the rating has reflected in debt reduction. Chairman and Managing Director of Gaurs Group, Manoj Gaur, said that the rating is a sign of approval for the greatest security in terms of financial commitments. He said that the company has delivered around 35,000 property units in the last five years. Director of Gaurs Group, Sarthak Gaur, said that the company would be launching projects in Noida, Delhi and Ghaziabad, focusing on luxury housing. Chief Financial officer of Gaurs Group, Vineet Singhal, told the media that the company had reduced debt to about Rs 1,550 crore from Rs 2,400 crore in the last two to three years. He added that the company has receivables of nearly Rs 2,000 crore from sold properties, while the remaining construction cost is just Rs 400 crore. The company will reduce its debt by Rs 500 crore in nine months, while the outstanding loans are from banks and non-banking financial companies (NBFCs). The rating takes into account the better-than-expected financial performance of the company, positive revenue growth, increased operating profits and improved profit margins. Singhal said that the company is to acquire new projects through purchasing land parcels and joint development agreements (JDAs) to expand its business. It is developing two new township projects in Greater Noida and Yamuna Expressway, Uttar Pradesh. Image Source

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?